Turkey: Industrial production increased by 8.6% yoy in December

Turkey: Industrial production increased by 8.6% yoy in December

According to official data of TurkStat, industrial production increased by 8.6% yoy in December. More specifically, the mining and quarrying index increased by 9.8%, manufacturing index increased by 9.1% and electricity, gas, steam and air conditioning supply index increased by 0.3% in December 2019, compared with same month of previous year.

On a year-on-year basis for December, mining and quarrying index increased by 4.1%, manufacturing index increased by 1.9% and electricity, gas, steam and air conditioning supply index increased by 0.8% in December 2019, compared with the previous month.

In the fourth quarter of 2019, the adjusted industrial production index increased by 5.8% compared with the same quarter of the previous year, while the seasonally and calendar adjusted industrial production was up by 1.5% compared with the previous quarter./ibna